I'll get one of the systems, or even both, if something comes out that compels me to do so, but it's going to have to be in the tier of games I mentioned. 

I think a lot it comes down to context. I remember the PS3 having these 1080p 60fos games like pixel junk. It's 1080p and 60fps but it don't look or play next gen.

The same arguement can be made with 4k or 8k. It isn't the same when you have games like Horizon, Starfield and the like.

This is no longer the 8 bit generation where it is just a matter or pixels going up and colours, there are so many complex technologies at play from HDR, 3D sound, AI, number of NPCs, fast loading, physical destruction, non static objects unlike the Matrix demo etc that 4k alone doesn't eve tell half the story of what makes a game look good.

I'm pretty sure if either one wanted they could make a simple looking game that is 8k or 4k at 60fps but you won't get the beautiful words we see in Ratchet, Horizon, Starfield etc.

Even looking at Hellblade, you can tell the darkness and linear level design had to be used to as something has to give somewhere.

The new Spidey game loads the world super fast, but the end result is the games graphics not being as big as a leap as many suspected.

It's the same with PSVR2, marketed as a 4K headset.
https://www.playstation.com/en-ca/ps-vr2/
Experience the next generation of VR and play with stunning 4K HDR Visuals.

Which lead to many new users expecting resolution comparable to their 4K TV in VR, in reality it's closer to DVD quality, 2000 pixels (per eye) wide over 110 degrees. There still are (were, it's closed atm out of protest) daily questions on the PSVR subreddit whether you can watch 4K movies on the virtual screen. (Yes you can, in DVD resolution unless you want to watch with your head on a swivel to get closer to 1080p)

It is stunning, but 20 pixels per degree is about the most you get out of the headset, where 20/20 vision is at 60 pixels per degree and 4K tvs are on average viewed at 100 pixels per degree. So expect about 1/5th of the sharpness compared to native 4K on 65" tv viewed from 7ft away.

Of course 4K tv isn't really 4K either 3840...

However companies should be held to a higher standard for advertising, not just for the machines, every big new game launch seems to be over promising again and again. Then even cancelling what was promised (no Halo Infinite couch co-op) Plus for all the fast loading hype with Sony, half a minute long loading screens in Switchback VR??? (Tbf Races do load super fast in GT7)

At this point, neither PS5 nor Xbox Series really feel like a new generation to me, the games just don't look like a generational leap over PS4/Xbox One.
I have yet to see anything on these machines that looks as far ahead of last gen as, say, Ryse Son of Rome or Killzone Shadowfall did over PS3/360 games, or Gears of War did over PS2/GC/Xbox games.

I think Xbox can't output 8k signal (hdmi 2.1 sure is standard that allows it), and Xbox run The Touryst at 6k if I'm not wrong.

PS5 runs The Touryst 8k internally but output is still limited to 4k.

But can say I'm currently satisfied with my PS5 and my tv is 4k and 60fps so 8k and 120 was never even needed for me. And the way I understand 8k was for multimidia whenever it happens on streams or BD and 120fps is a mode for some games.

The very old it is the victim fault for being gullible, yes they shouldn't be dumb but that doesn't excuse the criminal.

Do you understand that when you claim something is a standard that is basically the minimum you shall expect right? And everything you deliver must be that or higher. Pick any ASTM, SAE, etc standard and look if you can deliver below the standard and keep your certification for long.

To this day, I still haven't seen any game that couldn't be done on PS4. And yet the PS5 is still flying from the shelves, so I guess that's just me.

Also, am I the only one who still hasn't found a PS5 in a store? Not just the empty box or being able to order it, an actual unit on sale. I keep hearing the hardware drought is long gone, and yet I haven't still seen one in the wild...

I might buy a Series X for the Perfect Dark reboot if MS doesn't screws it up... which it's something they are very likely to do

Other than that, perfectly fine with Switch gaming.

Resolution/framerate don't bother me that much to be honest; 1080p is good enough for me, and I don't need every game to be 60fps.

What gets me is that in previous generations we had massive leaps in stuff like lighting, effects, level of detail, etc, but so far I look at PS5/XS games and they just... kinda look like the PC version of a PS4 game.